“The global corporate strategy consulting services market represents
approximately 14% of the global consulting market, owing to high demand
for the development of the strategy and execution of strategic plans in
emerging markets for strategic decision making,” says lead Technavio
procurement specialist Angad Singh for category
spend intelligence. “The corporate strategy consulting
services industry constitutes a large number of strategy consulting
firms worldwide with a few top players that dominate the market due to
their extensive global reach and reputation,” added Angad.

Technavio procurement experts have segmented the cost saving
opportunities in the corporate strategy consulting services market into
the following value-enhancement opportunities:

Adoption of technology

Supplier Competition

Adoption of negotiation strategies

Optimization of procurement practices

Bundling of services

Adoption of technology saving aspects

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how it affects their portfolio overall.

Buyers should clearly define the issues and its background in which the
strategy must be formulated. Buyers should appoint a project manager for
maintaining a complete record of the project and all its variations
along with records of payments. Also, the project manager will
facilitate review meetings between the consultants and the client
personnel specified in the contract.

Bundling of services saving aspects

Businesses seek to continuously innovate their products and services to
remain competitive in the market. Therefore, they focus on formulating
strategies for new product development, which involves construction,
packaging, branding, product positioning, and usage testing.

Buyers prefer engaging with firms that have consultants with required
skills such as content skills, people skills, learning capability, and
resources management. In addition, buyers seek for capabilities such as
the ability to collaborate with clients and colleagues and have
creativity skills, intellectual energy, critical thinking, and economic
knowledge.

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
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and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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